author_ey
EY

Share This Article

Singapore updates key sections of its Transfer Pricing Guidelines

30 June 2024

|

Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Transfer Pricing

|

Singapore

The Inland Revenue Authority of Singapore has published the 7th Edition of its Transfer Pricing Guidelines.The new edition provides updates and additional transfer pricing (TP) guidance in several areas, including TP documentation, financial services TP, TP audits and the 5% TP surcharge.Taxpayers should review these carefully to examine how these changes may affect their intercompany financing TP policies and compliance.On 14 June 2024, the Inland Revenue Authority of Singapore (IRAS) released the 7th Edition of its Transfer Pricing Guidelines (TPG). Compared to the 6th Edition TPG, published on 10 August 2021, the 7th Edition TPG provides updates and additional transfer...